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Accounting & Audit

Audit & Assurance Services

Accurate, independent, and timely audit services โ€” statutory, internal, tax, and GST audits conducted by qualified Chartered Accountants with complete documentation.

Overview

What is Audit & Assurance Services?

An audit is an independent examination of financial records, statements, and systems to verify their accuracy, compliance, and reliability. Calcutta Corporate’s qualified Chartered Accountants conduct all types of audits โ€” statutory audit (mandatory for companies), income tax audit (mandatory above certain turnover thresholds), GST audit, internal audit, bank audit, stock audit, and cost audit โ€” with meticulous documentation and adherence to ICAI standards.

Why do it

Key Benefits

Legal Compliance

Statutory and tax audits are mandatory โ€” non-compliance attracts penalties and disallowance of expenses.

Bank Loan Requirement

Banks require audited financials for all loan approvals โ€” audited accounts strengthen your credit application.

Error Detection

Internal audits identify errors, inefficiencies, and fraud risks before they become major problems.

Investor Confidence

Investors and institutional funders require audited financials โ€” a clean audit report builds trust.

Tax Savings

Tax audits ensure all eligible deductions are claimed correctly โ€” potentially saving significant tax.

Regulatory Compliance

GST audits ensure your GST compliance is accurate โ€” protecting you from department notices.

How it works

Step-by-Step Process

Engagement & Planning

We understand your business, review internal controls, and plan the audit scope and timeline with you.

Document & Record Review

Books of accounts, vouchers, bank statements, invoices, and supporting documents are reviewed and verified.

Verification & Testing

Assets, liabilities, income, and expenses are verified against source documents and physical verification where required.

Draft Report Preparation

Audit findings, observations, and recommendations are compiled into a draft audit report for your review.

Management Discussion

We discuss significant findings and management responses before finalising the report.

Final Audit Report & Certificate

Signed audit report and certificate are issued โ€” ready for tax filing, ROC submission, or bank submission.

What you need

Documents Required

FAQs

Frequently Asked Questions

Every Pvt Ltd company, LLP above turnover threshold, and public company must have statutory audit by a qualified CA.
Businesses with turnover above โ‚น1 crore (โ‚น10 crore for digital transactions) and professionals with gross receipts above โ‚น50 lakhs.
Tax audit report (Form 3CA/3CB and 3CD) must be filed by September 30 for most taxpayers.
Statutory audit is mandated by law and the report goes to regulators/shareholders. Internal audit is done for management โ€” to improve controls and efficiency.
Depends on company size and records quality โ€” typically 2โ€“6 weeks for small to mid-size companies.

Ready to get started with Audit & Assurance Services?

Our team will guide you through every step โ€” from documentation to final registration. Most services are completed faster than you expect.